HomeMy WebLinkAbout0260 and shall j~erforni, cot?~~dy u•itl~ u~ul ubide b~ e~uc•h ui~~l cc~~r~ N~e u~;recn~e?it.. sfi~~ulutioru. co~uliteoiu ond
cooenants thereo/, aiul o/ fhu mort~a~e, f/icn thtx »~~~rthu~e urut ll,e cstutc~ l~erel~~~ creufed, sl~ell cease, de-
termine an~! /~e null a?ul void.
~ the mort~;A;;or IiereLi~ /urther couerwnls a~ul a~;rees to Nay promptl~ ichen due tlie principol a~ut
interest and pN~cr sun~.s of nioncy prouided /or in said nvte orul tliis rnart~;age. or elther. to /w,y all and
sin~ular N~e taxes, assessme~its, leuies, IinLilities, obli~;utio?w, u~ul erutiunbrances o~ cuen~ ~wture on saut prop-
erty; to pern~it, co»unit or sY~Ber rw uaste. irn~wirntenf or dcteriaration o/ suid luru~t or the improvements
thereon at ani~ time; to kee~~ the l,uildin~;s no~c or hereu/ter on saul larul /uU~~ i~uured in a sum of not less
than
in a com~wn~/ or comJ~anies acceptaGle to the u~ort~;a~ee, tl~e ~~olicy or policies to l,e 1?eid by, arul >>ayaGle
to, snul ~nort~;ugee, and in dee evenf any s~im o/ inane~~ l,ecomes ~wynble G~ uirtuc of such i~ut~rance the
mortgagee shal! haue the ri~;l~t to receiue and ap~,h~ the sume to the indebtecG~ess here6y secured, accowiting
to t1~e mort~a~;or /or any surp?us; to Jwy all cosfs, char~es, a?u! expe~ues, including la~cyer's fees arul title
sea~clies, ~easonaLly incurred or jwid by N~e mort~;a~;ee l~ecause of the fnilure of ihe mortgagor to promptly
anct ~uIIJ co?nply ~cith the agreements, stipulations, corulitio~u arul cocenants of saul ~wte arul t/~is mortgage,
or either, to J~er/onn, comply icith aru! nbule b~/ each und ecen/ tlie o~ree?nents, stipulations, corulitions and
coverwnts set forth in suid note a?ul lhis mort~;ube or eitl~er. /n tl~e event the mort6agor fails to Jwy when
due uny rax, assessment, insurance ~~remium or other sum of money ~wr~able by virtue bf sai~t note arul ihis
mortga~e, or eiN~er, the mort~;a~ee n~ay ~wy tlre same, i~~ithout icaiuin~; or oeecting ihe option to foreclose
or any other right liereuruler, arul all such ~wyments shol! Gear interest froni date thereoj at d~e hiRhest lacu-
ful rnte then albu:e~i ~i~ the lau;s of the State o~ Florida. .
- ~i any sum of money herein ~ejerred to t~e not promptly ~xtul ~~itf~in ~irty days next djter -
the same Gecon:es due, or if each orul e~ery tl~e agree?nents, stipulations, conclitions nnd cooenants of saul
note arul this mortga~e, or either, are not /u1IJ performed, complied irith aru! abuled by, then the entire
sum mentioned in saict note, arul il~is mortgoge, or the entire balancc unjwiri lhereon, shal! forthwith or
therea/ter, at the option of the mortgagee, l~ecome and be due arui payaGle, anyihing in saed note or herein
to t)~e contrary nohcithsta~uling. Failure Gy the mortgagee to exercise any of tl~e rights or options herein
provirfed shuU not constitute n u:oioer o/ ony rig/~ts or optio?u u?uler said note or N~is mortguge accrued or
thereaftc~r accruing. .
~ ~h~~l~ tlie said mortga~or has /~ereunto si~ned arul senled these presents the
day and year ~irst aliove uritten.
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Signed sealed arul deli~ered in tl~e presence of:
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STATE OF FLORIDA, i
COUNTl OF St. Lucie ~ ~
I HEREBY CERTIFY that on this ciay, before me, an ~
of6cer duly autFx~rized in die State afor~~aid and in ttn~ County aforesaid to take acknow•ledg~nents, perx~nally appeared ~
~
ppris Irene Olsen
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~ to nx~ k~w~~~'n tn IM• fh~• ~x•rvm d~•u~rilx•d in :~n~l ~~IN~ ~•~c~~nt~•~I t6~~ for~•~~~in¢ in.ln~nn•nt :u~d She ~NItnO>v~edQed ~
~ lx•fori• nN~ tl~:~t. S}ll~~rul~•~1 tlx• ..~m<•. .
i .\~'1"f\F.SS ~n}• hxntl :i~zd utfici:d W~.d in dx• Cui~nh :~n~l Stati• I:t~t a(urc.,u~l thi~ 25t~1 - ' day of
t"~Y 1). ~~i 76 ~
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~Q• A~tB ~ Q Q Q NOr~Rr vnR~~~ craT~ f+< <~~.•n~ ar r~M~ ~
~~~~~JOI~ CQ{~11~r~/~*• N1Y COMMISSION EXPIQES APR. 18, 1977
OQEA i+Q{T~~~ bpNDEO THRU G~NERAL ~NSI~W?NCE UNDERWR~'(ERS
c~ERR c+~cu~t couRr 5 ~
RECORD VEP?FIED~, '
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E';~ 253 FAGE ~?W ;
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